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we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since this recession started in 2007, 2008, we've created close to 400,000 jobs when the economy has lost 6 million. so we need to focus on job creation potential. the second thing we shouldn't overlook is the amount of revenue that the industry generates as they create these jobs. we contribute over $86 million a day to the federal government. that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece of that is we could become more energy secure as a nation. today we're less reliant on outside so
we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since...
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Oct 3, 2012
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gains envelopers were capped by losses in energy. in japan, the nikkei hit a three-week low as appetite waned, but fast retailing, the operator of the clothing chain rallied 3.7% because reportedly it could become the first japanese retailer to ever break the one trillion yen mark or nearly $13 billion in annual sales. the kospi is closed today, but over in aust the afx 200 up to a 14-month high helped by banks and i.t. firms. that weak trade data also pushed the aussie dollar to one-month lows. back to you. >> business activity in the eurozone shows no signs of a rebound. the latest composite pmi figures for september fell to the lowest in three years. france and spain saw a marked contraction as the countries strasbu struggle with painful austerity measures. a high incidents of bankrupt sis among small businesses. the increasing tendency of large corporations to seek profits abroad as domestic demand wanes. in 2011, spain raised just over $16.5 billion in corporation tax from the almost $45 billion euros collected in 2007. this has
gains envelopers were capped by losses in energy. in japan, the nikkei hit a three-week low as appetite waned, but fast retailing, the operator of the clothing chain rallied 3.7% because reportedly it could become the first japanese retailer to ever break the one trillion yen mark or nearly $13 billion in annual sales. the kospi is closed today, but over in aust the afx 200 up to a 14-month high helped by banks and i.t. firms. that weak trade data also pushed the aussie dollar to one-month...
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Oct 3, 2012
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prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of growth, the engine of demand for crude oil and for other industrial commodities. if it's not there, what's going to happen, we'll see perhaps an even further slide here in oil prices. we also got data from the u.s. energy department and that also was a bit of a surprise in terms of the supply side. but in terms of demand, continuing to see anemic demand in terms of gasoline demand, down 2.5% versus a year ago. and this is already as we're getting the slide to the winter grade of gasoline. so since that rollover, we have seen a steady slide in gasoline futures. the on
prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of...
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Oct 3, 2012
10/12
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and center this week with the jobs report coming out on friday. our guest host this morning runs a company that has several economic indicators all rolled into one. joining us for the remainder of the show with his take on the markets and what's happening in corporate america is jim tisch, and jim, it's great to have you here onset. we were just talking about how you have a lot of different things that really give you a good idea of what's happening in the economy. diamond offshore, what's happening from an energy perspective, you have the luxury hotels there, the insurance li
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and...
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Oct 3, 2012
10/12
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visitors are taking a closeup look at electric vehicles and green energy products. this is what walking sticks may look like in the future. it moves with wheels, and wheels move with a sensor in here. withven slight hand pressure of my hands. major electronic device-maker murata manufacturing co developed this item with a small osaka company that specializes in devices to assist the elderly and the infirm. nearly a quarter of the japanese population is over 65 years of age. there is a growing market for products for the elderly and manufacturers are becoming increasingly innovative. >> translator: i think the senior market will expand as the number of older people increases. there's also demand in europe, the u.s. and other developed countries. >> reporter: this product supports the wearer's joints and muscles. this man can easily carry more than 50 kilograms. the suit-makers say they developed it to help older people working a manual job. many newer blood pressure monito contain embedded remote communication devices. this allows them to instantly transfer data to s
visitors are taking a closeup look at electric vehicles and green energy products. this is what walking sticks may look like in the future. it moves with wheels, and wheels move with a sensor in here. withven slight hand pressure of my hands. major electronic device-maker murata manufacturing co developed this item with a small osaka company that specializes in devices to assist the elderly and the infirm. nearly a quarter of the japanese population is over 65 years of age. there is a growing...
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Oct 3, 2012
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also in terms of all tern tougher energy that energy independence or something akin to it or more energy independence is a possibility. in a world where high value added, supervalu added industry are key, the guy who protects intellectual property the most has the advantage. the place with the best schools and universities has an advantage. we're more stable. we have more capital. we have the formula to be the most success phil nation in the world at this time and not to talk about decline but talking about renaissance and resurgence. yet for some reason eludes us and brought up by candidates and drowned out by other things. i would like to quickly go down, each one of you has a minute, i would like to get your sense of reaction to this moment of promise for the united states. bob? >> i'm the one who says we're not in decline and that things are really better than people think and i think, i wish that there were more of that being said right now but on the other hand, we're in a political campaign and nobody's supposed to say the other guy isn't a disaster around won't turn it into a dis
also in terms of all tern tougher energy that energy independence or something akin to it or more energy independence is a possibility. in a world where high value added, supervalu added industry are key, the guy who protects intellectual property the most has the advantage. the place with the best schools and universities has an advantage. we're more stable. we have more capital. we have the formula to be the most success phil nation in the world at this time and not to talk about decline but...
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Oct 3, 2012
10/12
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the book addresses topics such as energy and resource nationalism, strategic competition in the global commons and looked at demographic issues in the region, sought to understand the future of the nuclear energy in asia as well as many other topics. and then last year our volume build upon this research framework but narrowed the focus to examine the rising powers china and india, and specifically the challenges and opportunities presented by the remarkable growth of the major powers to read than this year's strategic volume the military challenge we have sought to refine our research agenda by examining one of the most immediate challenges stemming from china's rise and that is the advancing military capabilities and its strategic ambitions. last december once we haven't decided on the particular topic or theme for the book we sought to identify the very best and brightest scholars in the respective fields to come together to address this important topic with such wide-ranging implications. we were successful in bringing together an absolutely phenomenon research team this year among
the book addresses topics such as energy and resource nationalism, strategic competition in the global commons and looked at demographic issues in the region, sought to understand the future of the nuclear energy in asia as well as many other topics. and then last year our volume build upon this research framework but narrowed the focus to examine the rising powers china and india, and specifically the challenges and opportunities presented by the remarkable growth of the major powers to read...
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Oct 3, 2012
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energy programs. we are already cooperating with the chinese. keep our markets open. but do not create a more hostile environment that is essential. is is important we keep a balance in the region. there is a line between balancing provocation and we want to stay on the side of balance and a constructive environment. >> i was surprised to hear you say that the comments made by both candidates, you used the term deplorable. i know you have endorsed mitt romney. have you had that conversation with him? abbey said i find your comments deplorable? -- have you said i find your comments deplorable? [laughter] >> i see these advertisements for the candidates are debating with each other on how to deal with the cheating of china. both used the word cheat. it may be that in china they do not understand and i am bothered by the fact that appealing to china -- it does not affect my feeling of the canada. >> mitt romney has also talked about labelling china as a currency manipulator. would that be productive? i w
energy programs. we are already cooperating with the chinese. keep our markets open. but do not create a more hostile environment that is essential. is is important we keep a balance in the region. there is a line between balancing provocation and we want to stay on the side of balance and a constructive environment. >> i was surprised to hear you say that the comments made by both candidates, you used the term deplorable. i know you have endorsed mitt romney. have you had that...